Solana's (SOL) price has remained positive above the moving average lines, holding and fluctuating below the $140 level.

The cryptocurrency price is oscillating as buyers attempt to push it past the $140 mark. Meanwhile, the cryptocurrency is trading narrowly above the 50-day SMA support but remains below the $140 barrier. There is a possibility of a price rebound or breakdown. Solana will rise to a high of $171 if the altcoin recovers and breaks above the $140 barrier.

Conversely, if the bears push the price below the 50-day SMA support, Solana could fall to a low of $129. Subsequently, the bearish momentum may extend to as low as $120. Solana is currently around $136.

Technical indicators

• Key supply zones: $220, $240, $260

• Key demand zones: $140, $120, $100

The crypto price bars are above the horizontal moving average lines as the altcoin attempts to break beyond the current barrier. The price bars are positioned between the upward-sloping moving average lines, indicating that Solana will move sideways above the present support but remain between the moving average lines.

Solana prices are moving sideways above the $134 support and below the $142 resistance level. The cryptocurrency price has retraced and regained support above the $134 low on the 4-hour chart. Doji candlesticks have appeared as the price remains between the moving average lines. The cryptocurrency outlook is positive because it is trading in a bullish trend zone.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.